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Replication data for: The Price of Growth: Consumption Insurance in China 1989–2009

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DOI
https://doi.org/10.3886/E114143
Version
V0
Resource Type
Dataset
Creator
  • Santaeulàlia-Llopis, Raül
  • Zheng, Yu
Publication Date
2017-12-31
Description

  • Abstract

    We exploit a novel and unique opportunity to document the transmission of income risk to consumption in a growing economy. Our laboratory is China, an economy that has witnessed enormous and sustained growth. We build a long panel of household-level consumption and income data. We find that consumption insurance deteriorates along the growth process with a transmission of permanent income shocks to consumption that at least triples from 1989 to 2009. Although preliminary, our welfare analysis suggests that the loss of consumption insurance can have first-order implications for the welfare assessment of economic growth.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/mac.20160250 (Text)
Publications
  • Santaeulàlia-Llopis, Raül, and Yu Zheng. “The Price of Growth: Consumption Insurance in China 1989–2009.” American Economic Journal: Macroeconomics 10, no. 4 (October 2018): 1–35. https://doi.org/10.1257/mac.20160250.
    • ID: 10.1257/mac.20160250 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

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Santaeulàlia-Llopis, Raül; Zheng, Yu (2017): Replication data for: The Price of Growth: Consumption Insurance in China 1989–2009. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. http://doi.org/10.3886/E114143